Mes: julio 2020

Continuously trained machine learning algorithms, working with templates, can produce highly accurate extracted data ranging from 80% to 99%, and this accuracy only gets better over time. Cognitive data capture methods use self-learning artificial intelligence models and get smarter with the amount of data they process. For example, IBM implemented an AI system that identified …

AI-Based Invoice Processing: How to Leverage AI for Invoices Leer más »

More than three-fourths of companies offering PTO allow employees to roll over some amount. Some companies are adopting the new four-day workweek, wherein employees are only required to complete four eight-hour days. If you are going with this type of work schedule, you can adjust the number of PTO days available per year. For example, …

How to Calculate Vacation Pay in Canada Leer más »

This also simplifies reporting, providing readily available data for financial statements and analysis. Understanding how vacation pay is managed and its influence on financial statements is key to accurate accounting. For a deeper look, check out this helpful resource on managing vacation pay. Payout upon termination. Vacation pay is generally considered taxable income, and as …

Vacation Accrued: The Benefits For Employers And Employees Leer más »